The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
Please remember that the ideas and conclusions in this section do not necessarily reflect the views of Fidelity’s portfolio managers or analysts. They are for general interest only and should not be taken as investment advice or as an invitation to purchase or sell any specific security.
Royal Dutch Shell, BHP among day's biggest drags. The U.K.' s main stock index tumbled on Wednesday, posting its fifth straight daily drop as energy and commodity- related stocks declined and investors monitored the persistent turmoil in Turkey's currency and equity markets. The FTSE 100 ended down 1.5% to 7,497.87, shrugging off an early slight rise to turn decidedly lower.
Big losers include BHP, Rio Tinto. European stocks closed sharply lower on Wednesday, with losses accelerating throughout the session, with commodity- related stocks among the biggest decliners of the day. Major regional indexes opened slightly higher but soon turned negative.
Scott Minerd advises us not to' be fooled by recent complacency'. Scott Minerd isn't bullish on U.S. stocks. And he can't emphasize that point enough.
Indexes in China, Hong Kong down 1% or more; Nikkei pulls back as yen weakens. Asian stock markets started lowed Wednesday, even as worries eased over Turkey's currency crisis. Benchmarks in Taiwan, Hong Kong and China were down about 1%, with tech stocks continuing to sell off.